Doha: Qatar Islamic Bank (QIB), the largest private bank in Qatar, has been recognised for the second time as the “Bank of The Year – Qatar” by Financial Times’ - The Banker magazine – the World’s longest running international banking title, as part of their Bank of the Year Awards 2020.
This exceptional accolade is in recognition of QIB’s outstanding performance through 2020, and its success in outperforming the competition on the levels of financial performance, strategic initiatives, and its response to the challenges related to COVID-19 pandemic.
QIB’s recognition took place on December 2, in a virtual awards ceremony. QIB was represented by its Group CEO, Bassel Gamal at an event that was attended by senior global bankers and executive editors of The Banker Magazine in Europe, Asia, The Middle East and Africa.
Commenting on the award, Bassel Gamal said: “Receiving the prestigious Bank of The Year award by The Banker Magazine is a recognition the entire QIB family is proud of. It is a testament to QIB’s stability and sustainable business model. Such recognition can only be achieved through the collective efforts of all the Bank’s staff, the continuous support from the Board of Directors, our clients’ trust, and our genuine commitment to continuous improvement.”
He added: “2020 was a year of challenges for the global banking industry, but for QIB it was also a year that we introduced new banking approaches to the Qatari market and implemented a successful business continuity while having the safety of our employees and customers as our absolute number one priority.”
“In an unprecedented operating environment, we have been able to financially support our customers and introduce new innovative products and services to serve the needs of all customer segments in the Qatari market.
Thanks to our digital transformation programs, we are able to offer the fastest and most trusted banking solutions to individuals and corporate customers in Qatar remotely through our mobile and online channels. This has also resulted in attracting new clients to Islamic Banking, reconfirming that Islamic Banks are now competing with conventional banks across all banking services,” Bassel concluded.
